1014 Pier Avenue, Santa Monica, California 90405, Santa Monica, 90405 - 5 bed, 3 bath
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1014 Pier Avenue
Santa Monica, California 90405
ACTIVE
CONDITION: GOOD
5Beds
3Baths
2,210Sq Ft
4,813Lot Size
Property Price
LIST PRICE$1,999,000
EST. MARKET VALUE
$2,200,216
9% BelowMARKET VALUE
SUMMARY
This Sunset Park Duplex represents a Strong Value Opportunity, listed at $1,999,000—positioned well below the $2,200,217 Fair Market Value by 9%. This valuation gap provides $201,217 in Instant Equity. Featuring a Condition Rating of 3, the property includes two detached homes with private yards and an 800 SF four-car garage with ADU potential. Located in a prime coastal neighborhood, this asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through a house-hack strategy.
Estimated Market Value
$2,200,216+$201,216 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Monica.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1014 Pier Avenue Subject | $1,999,000* List Price | 5 | 3 | 2,210 | $996 | - |
A 737 Ashland Avenue Sold | $2,050,000 | 4 | 2 | 1,777 | $1,154 | 0.2 mi |
B 2921 11th Street Sold | $2,231,000 | 4 | 3 | 1,979 | $1,127 | 0.1 mi |
C 636 Bay Active | $2,495,000 List Price | 3 | 3 | 2,133 | $1,170 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1948, the property has undergone significant recent renovations. The rear unit features a modern kitchen with new cabinetry and stainless steel appliances, along with new windows throughout. The front unit is well-maintained with hardwood floors, making the entire duplex move-in ready and functional.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the highly coveted Sunset Park neighborhood, the property is less than a mile from the beach and within walking distance to premier dining and shopping on Abbot Kinney, Rose Ave, and Main Street.
- Dual-Income & ADU Potential
The property features two detached residences and a massive 800 SF four-car garage, offering immediate rental income and significant value-add potential through a possible ADU conversion.
- Private Detached Layout
Unlike traditional duplexes, these are two stand-alone homes each with their own private yards and entrances, providing a rare level of privacy and a single-family residential feel for both occupants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2210, other record living area = 1942. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Vintage Infrastructure
Originally built in 1948, the property may require updates to core systems such as plumbing, electrical, or HVAC to meet modern standards, despite recent cosmetic improvements in the rear unit.
- High Site Density
With two detached homes and a large garage on a 4,813 SF lot, the footprint is dense, which may limit further outdoor expansion or feel somewhat constrained if the garage is converted into a third living unit.
About 1014 Pier Avenue
Enchanting Duplex in the Heart of Sunset Park discover the allure of Santa Monica living in the highly coveted neighborhood, just a leisurely stroll from the restaurants and shops of Lincoln Boulevard, Abbot Kinney, Rose Ave, and Main Street, Santa Monica. The beach is less than a mile away! Two stand-alone homes each with their own private yard sit on this spacious 4,800 SF lot. Live in one unit while enjoying rental income from the other. Enter through the front gate and find yourself amongst the lush mature trees and foliage providing a truly serene and peaceful setting. The front house has two bedrooms and one bath, with hardwood floors throughout. This inviting home features a spacious open living and dining area, perfect for relaxation. Enjoy your own tranquil front yard retreat, ideal for morning coffee or quiet evenings under the stars. The rear home has new windows throughout as well as new kitchen cabinets. Complete with three spacious bedrooms and one and half baths. This spacious unit comes with generous outdoor areas, including a front yard and patio perfect for entertaining friends or basking in the California sun. The rear unit presents an exciting opportunity with a projected market rent of $6,000. A four-car garage (800 SF) awaits your creative touch, offering potential for conversion into an additional unit. Don't miss this incredible opportunity to own in one of the best neighborhoods in Santa Monica!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 4,813 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.1 |
| Baths | 3.0 | 2.9 |
| Square foot | 2,210 | 1,967.643 |
| Lot Size | 4,813 | 6,981.625 |
| Price | $2.00M | $3.73M |
| Price per sq ft | $905 | $1.7K |
| Built year | 1948 | 1940 |
| HOA | $0 | $0 |
| Days on market | 14 | 58 |
Pricing History
Listed for Sale
Aug 26, 2026
$1,999,000
Initial Listing
Sold
Jul 18, 2019
$1,565,000
Public Record